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"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu May 6th, 2010 at 12:07:54 PM EST
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Source: Spain: economic adjustment in a strait-jacket - econoblog101
Remember: this is only productivity. Germany had falling real wages for the last 8 years or so while wages in Spain were growing (see graph from The Economist below)


"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char
by Melanchthon on Thu May 6th, 2010 at 12:13:00 PM EST
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